Sale tax
This query is : Resolved
18 April 2014
what is the diffrence between sale tax and vat.
18 April 2014
sales tax applies to interstate sales and VAT applies to intra-state sales.
19 April 2014
SALE TAX AND VAT ARE SAME FROM 1.4.2003 FIRSTLY IN HARYANA VAT ACT IMPLIMENT STATE. AFTER THAT ALL STATE START THIS.
UNDER VAT ACT YOU HAVE FACILITY THAT YOU PAY ONLY VAT ON ADDITIONAL VALUE NOT ON THE TOTAL PURCHASE (AS APPLY IN SALE TAX ACT)
IF YOU PURCHASE ONE ARTICLE IN RS. 100/- @ 5% YOU PAY VAT RS.5 AND SELL IT ON RS 120 VAT rATE @5% THEN VAT PAYABLE IS RS. 6/- UNDER VAT YOU HAVE TO PAY ONLY RS. 1/-
BUT UNDER SALE TAX ACT IT WAS PAY RS. 6/-
UNDER VAT ACT YOU HAVE FACILITY THAT YOU PAY ONLY VAT ON ADDITIONAL VALUE NOT ON THE TOTAL PURCHASE (AS APPLY IN SALE TAX ACT)
IF YOU PURCHASE ONE ARTICLE IN RS. 100/- @ 5% YOU PAY VAT RS.5 AND SELL IT ON RS 120 VAT rATE @5% THEN VAT PAYABLE IS RS. 6/- UNDER VAT YOU HAVE TO PAY ONLY RS. 1/-
BUT UNDER SALE TAX ACT IT WAS PAY RS. 6/-
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